Bloomberg News

Russia May Increase Insurance for Banking Deposits, Gazeta Says

August 27, 2012

Russia may raise the insurance on banking deposits to one million rubles ($31,460) from 700,000 rubles, the government newspaper Rossiyskaya Gazeta reported, citing the Deposit Insurance Agency’s deputy director, Andrei Melnikov.

The agency will begin consultations in the autumn on a potential increase, the newspaper added.

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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